India Reclaims Fifth Position in Global Market Capitalisation
印度重回全球市值第五
India has regained its position as the world’s fifth-largest stock market by market capitalisation, overtaking Taiwan following a correction in Taiwanese equities that moderated the AI-led rally in its semiconductor-heavy market. According to Bloomberg data cited by The Economic Times, the combined value of companies listed on Indian stock exchanges stood at approximately US$5.04 trillion as of June 30, compared with US$4.97 trillion for Taiwan. The shift marks India’s second climb in the global rankings within weeks, after it moved from seventh to sixth place by surpassing South Korea earlier in June. The latest development reflects improving investor sentiment, resilient domestic equities and renewed strength in India’s capital markets.
The reversal comes after Taiwan briefly overtook India on the back of a sharp rally in artificial intelligence-related stocks, particularly semiconductor companies. However, as investors reassessed valuations and the sustainability of AI-driven gains, Taiwan’s market capitalisation declined, allowing India to reclaim the fifth spot. The milestone reinforces India’s growing importance in global financial markets and highlights the increasing depth of its equity market. For non-Indian companies, a larger and more resilient Indian capital market presents greater opportunities for fundraising, strategic investments, partnerships and business expansion, while also strengthening India’s appeal as a destination for global institutional investors seeking long-term growth.
編按：印度股市市值約5.04兆美元，在日前半導體驅動的人工智慧股票回檔後，超越台灣，重回全球第五大股市。這一里程碑凸顯了印度股市的韌性、投資者的信心，以及其作為全球投資和擴張中心日益增長的魅力。
Taiwan Delegation to Assess ₹80,000 Crore Semiconductor Investment Opportunity in Tamil Nadu
來自台灣的考察團評估泰米爾納德邦價值 8,000 億盧比的半導體投資機會
An eight-member delegation from Taiwan is set to visit Tirunelveli and Thoothukudi districts in Tamil Nadu to assess the feasibility of a proposed ₹80,000 crore semiconductor investment. According to the Tirunelveli District Chamber of Commerce and Industry, three Taiwanese companies are exploring investment opportunities in the two districts as part of a preliminary evaluation. During the visit, the delegation will assess key factors including industrial infrastructure, drinking water availability, road and air connectivity, export potential, and the existing industrial ecosystem. The team is also scheduled to visit industrial facilities in Gangaikondan and the Thoothukudi SIPCOT industrial estate to evaluate the region’s readiness for large-scale semiconductor manufacturing.
The proposed investment highlights Tamil Nadu’s growing prominence as a destination for high-technology manufacturing and reflects increasing interest from Taiwanese firms in India’s expanding semiconductor ecosystem. If the project progresses, it could strengthen regional supply chains, create new opportunities for advanced manufacturing and supporting industries, and enhance export capabilities. For non-Indian companies, the development signals the emergence of southern India as a potential semiconductor manufacturing hub, offering opportunities to establish supplier networks, technology partnerships, logistics operations, and ancillary services alongside future semiconductor investments.
編者按：由八名成員組成的台灣考察團正在泰米爾納德邦的蒂魯內爾維利和圖圖庫迪進行訪問，評估一項預計8000億盧比的半導體投資案，考察重點包含當地的基礎設施、聯通接軌和產業完備等現況。該計畫凸顯了泰米爾納德邦在高科技製造業中日益重要的地位，可望促成印度南部成為全球半導體供應鏈的關鍵樞紐。
Foxconn Raises Investment in India Unit to US$2.82 Billion Amid Manufacturing Expansion
富士康增資印度至28.2億美元，擴大在印的製造規模
Taiwanese electronics manufacturer and Apple supplier Hon Hai Precision Industry (Foxconn) has increased its investment in India through its subsidiary, Foxconn Singapore Pte Ltd, which acquired approximately 351.7 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited at ₹10 per share. According to a stock exchange filing, the transaction was undertaken as a long-term investment funded through private capital. Following the acquisition, Foxconn Singapore now holds a 99.99999996% stake in the Indian entity, bringing the cumulative value of its investment in the subsidiary to approximately US$2.82 billion. The move reflects Foxconn’s continued commitment to expanding its manufacturing footprint in India as global technology companies diversify supply chains beyond China.
Foxconn’s expansion is centred on major manufacturing hubs in Tamil Nadu and Karnataka, including its iPhone assembly operations in Sriperumbudur and the large-scale Devanahalli campus near Bengaluru. The investment aligns with the company’s “3+3+3” strategy, which targets growth in electric vehicles, digital health and robotics, supported by advances in artificial intelligence, semiconductors and next-generation communications technologies. For non-Indian companies, Foxconn’s continued investment signals growing opportunities within India’s electronics and semiconductor ecosystem, including supplier partnerships, component manufacturing, logistics services and technology collaboration, as the country strengthens its position as a global manufacturing and export hub.
Taiwan’s Foxconn invests Rs 319 crore in India arm, raises stake to nearly 100%
編按：富士康透過其新加坡子公司將其在印度的投資增至約28.2億美元。該子公司持有富士康鴻海科技印度大型開發公司近100%的股份。此舉強化了富士康在泰米爾納德邦和卡納塔克邦的生產佈局，契合其「3+3+3」策略，預示著其在印度電子和半導體生態系統中將有更廣闊的發展機會。
Taiwan Showcases Growing Economic Footprint in India at TECC Chennai Anniversary
駐清奈台北經濟文化中心在週年慶上展示台印日益增長的經濟合作軌跡
The Taipei Economic and Cultural Center (TECC) celebrated its 14th anniversary in Chennai by highlighting the strengthening economic relationship between Taiwan and India. Addressing the event, Director General Stephen Hsu stated that more than 300 Taiwanese companies currently operate across India, with nearly 75% based in South India, particularly in Tamil Nadu and Karnataka. These companies have collectively invested over US$5.7 billion and generated more than 214,000 jobs. Established in 2012, TECC Chennai serves as Taiwan’s de facto consular office and facilitates economic, cultural and institutional engagement with five southern Indian states, three Union Territories and Sri Lanka. During the anniversary celebrations, TECC also unveiled a new official plaque in the presence of representatives from government, industry, academia and civil society.
The ceremony was jointly officiated by Stephen Hsu and Vijayakumar, who noted that India and Taiwan have maintained close ties since 1995, with Taiwan’s New Southbound Policy and India’s Act East Policy complementing each other in promoting stronger economic, educational, cultural and people-to-people cooperation. Hsu also highlighted that India–Taiwan bilateral trade increased from US$10.6 billion in 2024 to a record US$12.5 billion in 2025, underscoring the growing momentum in bilateral economic relations. For non-Indian companies, the expanding presence of Taiwanese businesses and rising trade volumes signal increasing opportunities to participate in India’s manufacturing, technology and supply chain ecosystem through investments, partnerships and regional business expansion.
編按：駐清奈台北經濟文化中心（TECC）慶祝成立14週年，處長指出超過300家台灣企業已在印度投資57億美元，創造了21.4萬個職位，主要集中在泰米爾納德邦和卡納塔克邦。雙邊貿易額也在2025年飆升至創紀錄的125億美元，反映出印台經濟文化的聯繫日益深化。
India Emerges as One of Asia’s Fastest-Growing Green Economies
印度崛起為亞洲成長最快的綠色經濟體之一
India generated US$110 billion in green revenues in 2025, making it one of the fastest-growing green economies in Asia, according to the London Stock Exchange Group (LSEG) report Investing in the Green Economy 2026. The report states that India’s green revenues recorded a five-year compound annual growth rate (CAGR) of 20%, significantly outperforming Asia’s average growth rate of 12% and the global average of 10% over the same period. While India remains smaller than regional green economy leaders such as China and Japan, the report notes that the country is rapidly strengthening its position in key green industries, reflecting the growing momentum of its clean energy and sustainability-driven sectors.
The findings underscore India’s expanding role in the global green economy and its increasing attractiveness for sustainable investments. The country’s strong revenue growth highlights the emergence of new opportunities across renewable energy, clean technologies and other green industries, supported by rising market demand and investment. For non-Indian companies, India’s accelerating green economy offers significant potential for strategic partnerships, technology collaboration, sustainable supply chains and long-term investments, enabling international firms to participate in one of Asia’s fastest-growing markets for green business solutions.
編按：印度預計到2025年將創造1,100億美元的綠色經濟收入，五年複合年增長率達到20%，超過亞洲12%和全球10%的平均水準。這一快速成長凸顯了印度在再生能源和清潔技術領域日益重要的地位，為永續投資和全球合作提供了重大機會。
India Advances EV Component Localisation Beyond Battery Manufacturing, Says IEEFA Report
能源經濟與金融分析研究所（IEEFA）報告稱，印度提升電動車零組件的本地自產，超越電池製造的範疇
India could achieve 90–100% localisation across several high-value electric vehicle (EV) component categories by 2030, according to the Institute for Energy Economics and Financial Analysis (IEEFA) report, Beyond Battery Packs: Localisation of EV Component Manufacturing in India. The report notes that EV-specific systems such as motors, power electronics, thermal systems, chargers and control units account for a significant share of vehicle value and are emerging as key focus areas for domestic manufacturing. Recent investments have been concentrated in powertrain systems, power electronics and charging infrastructure, supported by the government’s Production-Linked Incentive (PLI) Scheme for Automobile and Auto Components. However, despite this progress, the report highlights that less than 10% of the ₹25,938 crore allocated under the scheme had been disbursed by early 2026, indicating continued execution challenges.
The report also identifies automotive semiconductors and rare-earth magnets as the most significant bottlenecks to deeper localisation, owing to heavy dependence on global supply chains for these critical inputs. It concludes that India’s next phase of EV manufacturing growth will depend on strengthening domestic research and development, advanced materials capabilities and upstream component manufacturing to reduce import dependence. For non-Indian companies, the findings point to expanding opportunities in India’s EV supply chain through investments in advanced components, semiconductor technologies, critical materials, engineering services and technology partnerships, as the country seeks to build a globally competitive electric mobility ecosystem.
https://ieefa.org/resources/beyond-battery-packs-localisation-ev-component-manufacturing-india
編者按：儘管資金的撥付延宕，但在生產聯動獎勵計畫（PLI）的推動下，印度預計在2030年前實現90%至100%電動車關鍵零組件（如馬達、電力電子元件和充電器）的自製率。目前對半導體和稀土磁體的進口依賴仍然存在瓶頸，但全球企業在印度電動車生態系統中投資先進材料、技術和合作夥伴關係的機會，未曾稍怠。